amp have taken stake in mcw,which has subsequently risen closer to historical nta,mof were purchased some for amp capital the bulk of purchases were 20.58 all this can be obtained from the asx notice using simple math,amp are moving back into share investment,now the suggestion mcw and mof merge that would create an enormous well placed diverse reit of course share holder approval would be required,just thinking out loud here.
as credit markets thaw given the extreme impact on reits worldwide and the large amount of capital involved i am thinking financial institutions the world over will support the reit sector and avert further confidence loss in financial markets,tactically this would tend to stabilise confidence and the huge amount of superannuation funds worldwide could begin release into the debt markets starting the next cycle of rate increase and ultimately an improvement in occupancy rates and returns,although watching resources bounce around is tempting the long term returnon reits at this low entry level is outstanding,i did not buy mqg when it hit 15.75 because of long term appeal of reits ,a decision i regret in terms of momentum, but not in terms of ultimate income for the long term,so looking forward to a positive future ignoring the market noise
MOF Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held
